TPG Is Said to Consider Sale or IPO of Asia OneHealthcare

TPG Inc. is considering options for Asia OneHealthcare Sdn., including a sale or initial public offering, amid increasing deal activity for private equity-owned assets, according to people familiar with the matter.

TPG has been speaking with advisers working on a separate IPO by Sunway Healthcare Holdings Bhd. to evaluate a course of action, the people said, asking not to be identified because the deliberations are private. A deal might value the Kuala Lumpur-based medical services provider at as much as 30 billion ringgit ($7.6 billion), two of the people said.